BAE Systems’ (BA) Buy Rating Reaffirmed at Deutsche Bank

Deutsche Bank reaffirmed their buy rating on shares of BAE Systems (LON:BA) in a research report sent to investors on Monday, ThisIsMoney.Co.Uk reports.

Several other equities research analysts have also weighed in on the stock. Goldman Sachs Group reaffirmed a buy rating and issued a GBX 588 ($7.68) target price (down previously from GBX 634 ($8.28)) on shares of BAE Systems in a report on Tuesday, March 5th. DZ Bank lowered shares of BAE Systems to a buy rating and lowered their target price for the stock from GBX 560 ($7.32) to GBX 550 ($7.19) in a report on Friday, February 22nd. Credit Suisse Group lowered their target price on shares of BAE Systems from GBX 635 ($8.30) to GBX 600 ($7.84) and set an outperform rating on the stock in a report on Friday, February 22nd. JPMorgan Chase & Co. reduced their price target on shares of BAE Systems from GBX 545 ($7.12) to GBX 530 ($6.93) and set a neutral rating on the stock in a research report on Friday, February 22nd. Finally, Societe Generale reduced their price target on shares of BAE Systems from GBX 620 ($8.10) to GBX 585 ($7.64) and set a buy rating on the stock in a research report on Wednesday, January 23rd. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. BAE Systems currently has an average rating of Buy and an average target price of GBX 608.58 ($7.95).

BA opened at GBX 464.50 ($6.07) on Monday. The company has a debt-to-equity ratio of 76.88, a quick ratio of 0.81 and a current ratio of 1.03. BAE Systems has a twelve month low of GBX 441.50 ($5.77) and a twelve month high of GBX 680.20 ($8.89). The stock has a market capitalization of $14.87 billion and a PE ratio of 14.89.



The business also recently declared a dividend, which will be paid on Monday, June 3rd. Investors of record on Thursday, April 18th will be given a dividend of GBX 13.20 ($0.17) per share. This is an increase from BAE Systems’s previous dividend of $9.00. The ex-dividend date is Thursday, April 18th. This represents a yield of 2.62%. BAE Systems’s dividend payout ratio is 0.83%.

In other BAE Systems news, insider Jerry DeMuro sold 16,363 shares of the company’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of GBX 462 ($6.04), for a total transaction of £75,597.06 ($98,780.95). Also, insider Peter Lynas sold 13,418 shares of the company’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of GBX 495 ($6.47), for a total transaction of £66,419.10 ($86,788.32). In the last quarter, insiders have purchased 90 shares of company stock worth $44,888.

About BAE Systems

BAE Systems plc operates as a defense, aerospace, and security company worldwide. Its Electronic Systems segment offers electronic warfare systems and electro-optical sensors, military and commercial digital engine and flight controls, precision guidance and seeker solutions, military communication systems and data links, persistent surveillance systems, and hybrid electric drive systems.

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Analyst Recommendations for BAE Systems (LON:BA)

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